One argument why farmers in poor countries remain poor is:
A. risk taking is a deterrent to growth.
B. poor farmers in many countries lack access to commodity futures markets.
C. they are poor assessors of the risks they face.
D. they know very little about farming techniques needed for the crop they are growing.
Answer: B
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To eliminate an inflationary gap using fiscal policy, the government could
A) increase government expenditure on goods and services and simultaneously increase taxes by an equal amount. B) only decrease taxes. C) increase government expenditure on goods and services and simultaneously decrease taxes by an equal amount. D) decrease the quantity of money. E) increase taxes.
Refer to Figure 7-1. At the efficient equilibrium
A) economic surplus is maximized. B) economic surplus is zero. C) economic surplus is negative. D) economic surplus is minimized.
Which of the following countries have experienced recession and high levels of unemployment related to their inability to control the growth of government and high levels of debt?
a. Greece. b. Portugal. c. Italy. d. all of the above.
Realism and liberalism hold very different theories about international law. Theorists who promote realism see international law as a way to
a. strengthen the foundation of global politics. b. promote power politics and self-interest. c. regulate relations in mutually beneficial ways. d. redress much of the injustice in the world.